Levenue has facilitated over GBP 700 million in revenue-based financing for more than 750 startups across Europe.1
Founded in 2021, the company reached EUR 300 million within its first two years.2 Acquisitions of Cake in Belgium and MidFunder in Switzerland expanded the platform to 16 European markets.23 A partnership with Newfound Global opened additional growth capital access for SMEs.1 Total volume more than doubled in roughly a year.
The model
Most venture-backed SaaS companies raise equity to fund growth. For businesses with strong unit economics and predictable cash flows, this trade is often unnecessary. Levenue underwrites future subscription revenue and advances capital against it without taking equity. No governance rights, no board seats, no liquidation preferences.
The model works only when the underlying business works.
Compounding data
Every transaction improves the underwriting models. Every cohort refines understanding of churn, expansion, and recovery. Scale improves the product, not merely the volume.
An EUR 8 million Series A from Truffle Capital funds continued expansion across European markets.2 https://www.openbankingexpo.com/news/levenue-partners-with-newfound-to-give-smes-access-to-growth-capital/ ↩ ↩2 https://www.finsmes.com/2023/11/levenue-acquires-cake-raises-e8m-in-series-a-funding.html ↩ ↩2 ↩3 https://www.fintechfutures.com/venture-capital-funding/levenue-snaps-up-midfunder-to-broaden-financing-in-switzerland ↩